🥃8.12 Daily Market View.🥃
$BTC View:
The major coin breaks through 118979 with volume, closing at an hourly level solidly above 118979; go long on the right side, stop loss on a break.
118560 breaks down with volume, unable to recover on the rebound; go short on the right side, stop loss if it recovers, pay attention to changes in volume, and keep a tight stop loss.
116978 shows a false breakdown; add one more long position; stop loss at the low of the false breakdown or if it breaks below 115975. If it doesn't recover, don’t go long.
🍺
The major coin breaks through and stabilizes above 119190; look upwards to 119880-120603. If it can't break above 120603, it can't look higher.
When shorting the major coin, pay attention to the 120603 level for a 2b false breakout; take a small short position. If it stabilizes above 121825, set a stop loss.
Conservative players wait: Long at 114248, stop loss below 113280.
Yesterday, the major coin was almost touching the previous high; unfortunately, it didn’t go up. If it had gone up, it would have been a different trend.
Additionally, it showed a spike and drop, resulting in a natural pullback. The natural pullback did not break through the consolidation high after the drop; if it makes a second retest and creates a lower low, then it will continue to fall!
Currently, the major coin is right on the lower boundary of the wedge, receiving support. After a drop, I hope the major coin can break the wedge and go to 112658. If it retests 112658 again, observe the yellow arrow below; it will form a triple bottom, which will be better for choosing a direction. The support effect of forming a triple bottom here will be more solid.
🍺
Upper resistance: 119190-119880-120603
Lower support: 117980-116978-115941
The major coin's 4-hour level breaks below 117864, looking down to 116363-114982; breaking below 116363 begins the pullback.
🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺
$ETH Thought:
The second coin breaks through 4252 with volume; go long on the right side, stop loss if it recovers.
4215 breaks down with volume; go short on the right side, keep a tight stop loss.
Retest at 4157 confirms support is valid; add one more long position, stop loss below 4107.
The second coin stabilizes above 4279; look upwards to 4308-4347.
Be cautious of shorting at 4347; stop loss if it breaks 4370.
Left side orders: Long at 4071, stop loss below 4032.
🍺
Upper resistance: 4279-4308-4347
Lower support: 4216-4157-4103
The 4-hour level at 4164 breaks down looking down to 4074-4010; the second coin is currently fluctuating in the marked range in the chart, and there have been multiple down spikes at 4165 without breaking this support, which is quite strong. Once it breaks, pay attention to the position at 4165; that's all for the meeting.